Here is why crypto markets could outperform traditional Gold market

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Bitcoin News

Gold,Cryptocurrencies,Technical Analysis

In yet another sign that crypto is upending the normal equilibrium of capital markets, Gold’s recent bull market is looking to give way to a coming bull market in Bitcoin, according to investment research firm Northstar.

According to Northstar analysis, crypto markets could rally following a breakout. Presidential candidates Donald Trump and Robert Kennedy Jr. voiced their support for Bitcoin at the Bitcoin conference in Nashville. After Bitcoin's fourth having, the title of the scarcest asset has shifted from Gold to Bitcoin. Northstar analysis compares crypto's total market cap to Gold prices.

This disparity suggests significant growth potential for the crypto market compared to traditional Gold markets. Additionally, at a cryptocurrency conference in Nashville, presidential candidates Donald Trump and Robert Kennedy Jr. voiced their support for Bitcoin, with Trump proposing the establishment of a Bitcoin reserve and Kennedy advocating for the federal government to acquire Bitcoin equivalent to the value of the nation's gold reserves.

 

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